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A financial manager with $1000 to invest is faced with two competing alternatives both of which cost $1000,Alternative A will annually pay $275 for five
A financial manager with $1000 to invest is faced with two competing alternatives both of which cost $1000,Alternative A will annually pay $275 for five years while Alternative B pays $300 a year for two years and $250 for three years'If the manager wants to earn at least 10 percent , which investment should be selected?
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